Ward 2 City Council race
Salay, Hertel support use of business incentives
Dublin's use of incentives to attract and retain jobs in the city is supported by the candidates seeking the Ward 2 seat on Dublin City Council.
Incumbent Amy Salay is battling challenger Kari Hertel to keep the Ward 2 seat she has held for three terms on Election Day.
When it comes to economic development agreements such as performance incentives, location grants and Tax Increment Financing districts, Hertel voiced support.
"My first priority as a candidate for City Council is to ensure responsible, future-forward economic development," Hertel said. "Responsible economic development is the cornerstone for a strong, safe (and) durable community."
Salay, who has approved several economic development agreements while on council, promoted incentives because they help improve the community.
"I believe that council has been smart about our economic development incentive packages," she said.
"They are always performance-based, meaning that if the company does not meet their stated targets for job creation or retention, they do not receive the incentive," Salay said.
"The incentives are always a fraction of what the city gains in income and property tax revenue."
TIFs, which fund infrastructure through property tax, and other incentives have aided the growing community, Salay said.
"Dublin was one of the first communities to use TIFs to fund our infrastructure improvements and they have worked very well to ensure that needed infrastructure is in place in concert with the growth of the community," she said.
"Location grants typically improve sites, so that if the company receiving the grant moves on in the future, the site is improved with better fiber, connectivity, or technology, and so is more marketable for the next opportunity," Salay said.
Hertel, however, urged caution when utilizing TIFs, especially in redevelopment of the Bridge Street District.
"TIFs can be one of many useful economic development tools when used sparingly, so yes, it is possible that the city could be justified in using TIFs and other economic development incentives to drive business within the city of Dublin including within the Bridge Street District," she said.
"It will also be necessary to further study appropriate economic development techniques, to determine what, if any, are best to support this plan."